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Coinshares International Limited

CS.ST

Market valuation vs the Bitcoin it holds

37.58×
Premium
a 3658% premium to Bitcoin NAV

Coinshares International Limited trades at 37.58× its Bitcoin NAV — you pay $37.58 for every $1 of Bitcoin it holds, a 15.4M USD pile.

Live · last updated

BTC held
236 BTC
Bitcoin treasury
Bitcoin NAV
15.4M USD
at today's BTC price
Market cap
0 USD
Fully diluted
Share price
4.35 USD
USD
Last BTC buy
73 BTC
Mar 31, 2025

mNAV over time

Full history · diluted

Today's 37.58× sits in a 52-week range of 32.78× to 450.27×.

mNAV · 52-week range
32.78×–450.27×
32.78×now 37.58×450.27×

About Coinshares International Limited

Coinshares International Limited (CSHR) owns 236 BTC. At today's price that Bitcoin is worth 15.4M USD. The market caps the whole company at 0 USD 37.58× its Bitcoin. Put plainly: you pay $37.58 for every $1 of Bitcoin it holds, a 3658% premium for everything that isn't the Bitcoin. It bought in at an average of 52.1K USD per coin.

Coinshares International Limited (CSHR) mNAV — frequently asked

What is Coinshares International Limited (CSHR)'s mNAV?
Coinshares International Limited's mNAV is currently 37.58×. mNAV divides CSHR's market capitalisation by the value of the Bitcoin it holds, so 37.58× means the market values the company at 37.58× the worth of its Bitcoin treasury (15.4M USD).
Is Coinshares International Limited (CSHR) overvalued versus its Bitcoin?
At 37.58×, Coinshares International Limited (CSHR) trades at a 3658% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 32.78×–450.27×.
How much Bitcoin does Coinshares International Limited (CSHR) hold?
Coinshares International Limited holds 236 BTC, worth 15.4M USD at current prices. Its most recent purchase was 73 BTC on Mar 31, 2025.

Related datapoints